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Imagine living in a deflationary world where you live as a slave to unaccountable powerful holders of Bitcoin, where a man who holds 20% of the worlds wealth wi
by hahaxdxd123 4y ago
Imagine living in a deflationary world where you live as a slave to unaccountable powerful holders of Bitcoin, where a man who holds 20% of the worlds wealth will continue to do so forever into perpetuity, at 0 risk. Do you think this is a world where real wealth creation (goods, intellectual property, etc) is possible?
- silentsea90 4y agoNobody holds 20% of Bitcoin, and early BTC whales have been selling to make their profits so we're getting less concentrated[1]. It helps that BTC has taken a decade to rise to this value with plenty of selling and redistribution along the way. I don't see your point but perhaps you don't mind sharing more :) I don't disagree that concentration is a problem but the existing system has enough concentration already. I don't want states printing away to glory, and bitcoin can't be printed so that's a HUGE improvement [1]: https://ecommerceinstitut.de/bitcoin-wealth-is-becoming-more-evenly-distributed-over-time-3-4-2/#:~:text=wrote%3A,Bitcoin%20is%20an%20astonishing%200.88 https://ecommerceinstitut.de/bitcoin-wealth-is-becoming-more....